15% deposit for maisonette

Rumana03

TheJP 

Not in this instance, the lender has valued the maisonette at what the OP has offered. Yes i would be quite annoyed if the house was advertised as something different but it looks as if the EA and seller thought it was classed as a house. 

OP if the 15% deposit is the issue and you still like the house perhaps try a different lender. 

No the seller definitely knows its a maisonette as the leasehold pack & EPC report clearly say maisonette on them. No where in the property advert did they state this which is what I find so misleading and wrong. Even if the estate agent did not know this, the seller does know this and they would have checked the advert (like any normal person) when it came out.

We are still going to go ahead with paying the 15% deposit. As things stand we are running out of time as we need to move in time to apply for a new school for our daughter. If we could have paid 10% it would have been better for us but no other bank is offering my husband a better deal than Nationwide so better to just stick with them.

Rumana03

Sandtree said:

Rumana03 said:

Mortgage broker has said they have appealed saying that the property should be classed as a terrace house as it has it's own private garden. They have also mentioned in the appeal that there is no service charge or ground rent so therefore there is less risk for the bank. We should know outcome in a few days.

We have our own garden with our maisonette and so dont think that its a defining characteristic of what separates it from a terrace... there is no doubts or question in our case as we are on ground and 1st and there are 3 floors above us.

What percentage of the total dwelling is in the element over the driveway? The only possible rational in my head for it not being a house is if that percentage is considered too high and therefore they are considering the void under the property that you dont own as the reason your buying a flat/maisonette rather than house.

I know the garden doesn't make it a house and not a maisonette as we have seen a couple of other maisonettes with their own private garden. 

This property has nothing above it or below it...I mean there is no other maisonettes. This is what makes it strange. On the whole road this is the only property classed as a maisonette. Every other property is a house. Only about 17% of the property is over the drivethrough (to the parking spaces/garages).